Keisha sold 200 shares of Chic-Chic stock in 2014 for $22,500 and received a 1099-B to record the sale of the shares. Keisha's investment portfolio includes the following purchases of Chic-Chic's stock: 2005 

100 shares at $100 per share 2006 

50 shares at $110 per share 2007 

125 shares at $130 per share 2010 

75 shares at $125 per share 

Assuming Keisha does not identify which shares she sold, she will recognize.

Multiple Choice 

• no gain or loss. 
• $500 gain. 
• $1,000 gain. 
• $1,000 loss.